Insurance competitors Suncorp and RACQ have welcomed the Palaszczuk government’s announcement to introduce legislation to crack down on claim farmers targeting Queensland's compulsory third-party (CTP) insurance scheme. Both agree, however, that the move is not enough to protect Queensland motorists.
“Despite a steady decline in the number of car crashes, we’re seeing a growth in dodgy CTP insurance claims due to an influx of claim farmers and NSW-based lawyers encouraging people to exploit the system to get cash payouts,” said John Myler, RACQ insurance CEO. “All motorists will eventually pay for this type of rorting through higher premiums.”
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